please answer the folowing 4 questions 1 if 750 is invested at 6 simple interest how long did it

1. To find the time it took to accumulate $60 at 6% simple interest, we can use the formula for

Question

1. If $750 is invested at 6% simple interest, how long did it take to accumulate $60? 2. You put $4000 in your account on Jan 25. What is the account balance on 12/31 if the annual simple interest is 5.5%? Use banker's rule and round to 2 decimals. 3. The average daily balance on a Visa card is $600.00. The card carries an 18.5% interest charge for balances not paid within 25 days. If the payment of the balance were one day late, how much would the cardholder owe in interest, and what would the new balance be? Use banker's rule and round to 2 decimals. 4. Find the simple interest earned on a future value of $935 invested for 3 months at 6%. Looking for "I".

          1. If $750 is invested at 6% simple interest, how long did it take to accumulate $60?
2. You put $4000 in your account on Jan 25. What is the account balance on 12/31 if the annual simple interest is 5.5%? Use banker's rule and round to 2 decimals.
3. The average daily balance on a Visa card is $600.00. The card carries an 18.5% interest charge for balances not paid within 25 days. If the payment of the balance were one day late, how much would the cardholder owe in interest, and what would the new balance be? Use banker's rule and round to 2 decimals.
4. Find the simple interest earned on a future value of $935 invested for 3 months at 6%. Looking for "I".

Added by Ana R.

Question

Please give Ace some feedback